FOR IMMEDIATE RELEASE
Aerial Development Group among ICIC and Fortune’s Inner City 100 Winners
Annual ranking showcases the fastest-growing urban businesses in America
The Initiative for a Competitive Inner City (ICIC) and Fortune Magazine have ranked Aerial Development Group #3 overall on the prestigious 2016 Inner City 100 list. This recognition places AERIAL in an exemplary lineage of nearly 900 fast-growing and innovative inner city businesses.
ICIC’s Inner City 100 is an annually compiled and released list featuring high-power, high-potential businesses from around the country with headquarters in inner cities. Each company is selected by ICIC with help from a national network of nominating partners who seek to identify, spotlight, and further enable the named companies’ innovative urban entrepreneurship. Ranked by revenue growth, the esteemed recipients go on to have their names published in Fortune.
Ranking #3 on the overall list, AERIAL, Nashville’s fastest-growing residential infill development company, reported 2015 revenues of almost $23M and a five-year growth rate of 2148.07% from 2011-2015.
The full list can be viewed on the Fortune website here.
“We are extraordinarily proud of these pioneering entrepreneurs who lead the way in economic revitalization in America’s inner cities,” says Steve Grossman, CEO of ICIC, of the list of 100.
The Inner City 100 program recognizes and supports successful inner city business leaders, and celebrates their role in providing innovation and job creation in America’s cities. These companies strengthen local American economies, provide job opportunities for underrepresented communities, and drive forward economic and social development.
Boasting an average five-year growth rate of 458 percent between 2011 and 2015, the 2016 Inner City 100 winners represent a wide span of geography, hailing from 42 cities and 25 states. Collectively, the winners employed 7,324 people in 2015, and on average over a third of their employees live in the same neighborhood as the company.
Highlights of the 2016 Inner City 100 include:
- Employ 7,324 workers total in 2015.
- Created 4,696 new jobs in the last five years.
- On average, 34% of employees live in same neighborhood as the company.
- Average company age is 16 years
- Average 2015 revenue is $12.2 million
- 34% are women-owned
- 37% are minority-owned
- 6% of the winners are certified B-Corps
- 26 industries represented in the top 100
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Aerial Development Group is Nashville’s #1 residential infill development company. We have grown significantly over the last 3 years and have become an industry leader for social enterprise real estate development. Aerial is an Excellence and Impact company that is dedicated to building inspiring communities, revitalizing urban neighborhoods and tackling social issues through the power of the built environment. We are successful through our collaboration and partnership with neighbors and community leaders, and work hard to mindfully transition urban areas into happy, healthy, walkable neighborhoods where residents are inspired and proud to live. The heart and driving force behind the company lies in the long-term vision to positively transform both the economic environment and international perspective for developing nations. Learn more at AerialDevelopmentGroup.com.